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Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Population and Household Demographics

Lantana is a city in Denton County, Texas with a population of 8,585. There are 2,656 households in the city with an average household size of 3.23 persons. 9.04% of households in Lantana are renters.

Income and Rent Overburden in Lantana

The median gross income for households in Lantana is $135,347 a year, or $11,279 a month. The median rent for the city
is $3,042 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lantana, a household making less than $10,140 a month would be considered overburdened when renting an apartment at or above the median rent.
39.58% of households who rent are overburdened in Lantana.

Area Median Income In Lantana

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Lantana, the AMI is calculated from all households within Denton County.

In Lantana, HUD calculates the Area Median Income for a family of four as $86,200

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Lantana

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.